Canada Life Reinsurance announced Dec. 19 that it has recently entered into a long-term longevity reinsurance agreement with Aegon covering €12 billion of in-force liabilities.
Under this agreement, close to 200,000 of in-payment and deferred pensioners will be reinsured by Canada Life Reinsurance.
"This transaction is the result of a great effort by both our team and Aegon's team and highlights Canada Life Reinsurance's strength as a partner for reinsurance longevity transactions globally," stated Jeff Poulin, Global Head of Canada Life Reinsurance.
